The Analysis of the Effect of Tort Reform Legislation on Expected Liability Insurance Losses

Abstract

This paper presents a framework for possible methodologies 10 evaluate rhe effect of tort reform leg~slal~on on expected hability msurance lows and loss adJusrment expense An analysis of the most common hpcs of reforms and the ddXcultics thar may be encountered when evaluating their effects IS presented. The dircct(non-behavIoral) cfTect on General Llablhty losses of a b~po~hetrcal reform which caps punitive damages and non-econonw compensator) losses and which eliminates joml and several liabllilk IS analyzed usmg mcrhodologics dcvelopcd at IS0

Cite this paper

@inproceedings{Kerin1999TheAO, title={The Analysis of the Effect of Tort Reform Legislation on Expected Liability Insurance Losses}, author={Allan Kerin and Jason Israel and ACAS}, year={1999} }